Valuations for lease (market rent and market value) in Greece

Determining the market rent is an action necessary for a correct lease agreement in the commercial or business sector. The purpose of such a determination is to determine the market price of a lease and, by extension, the reasonable amount that must be agreed upon for an equitable and, therefore, long term lease in Greece. It is usually discussed in the last stages of the leasing process and after both parties to it have reached a tentative agreement, leaving for last the final details of the agreement such as readjustment of the lease, the possible payment of an amount for the “key money”, along with the rest of the clauses to be included in the lease.